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American Superconductor Corporation Message Board

soldat4800 5 posts  |  Last Activity: Nov 10, 2015 5:28 PM Member since: May 29, 2000
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  • soldat4800 by soldat4800 Nov 10, 2015 5:28 PM Flag

    On the SCON conference call today they indicated that the "potential" market for superconducting cables is far greater than their production capacity. Does that seem reasonable to anyone assuming they think they can produce a lot of cable. I guess if their capacity is zero it's a true statement.

  • Reply to

    wrong address

    by stockyardbull4 Oct 23, 2015 3:37 PM
    soldat4800 soldat4800 Oct 23, 2015 4:29 PM Flag

    That's where yahoo had him, apparently he's moved into an office in a strip mall. I found the timing of the release curious.

  • soldat4800 by soldat4800 Oct 23, 2015 3:00 PM Flag

    656 S Wellwood Ave, Lindenhurst, NY 11757 (Ting Corp World HQ) is a single family home on Long Island that Zillow estimates is worth $300,000.

  • soldat4800 by soldat4800 Oct 9, 2015 10:45 AM Flag

    SCON announced an offering of their stock at $0.35 -they're trying to raise $9.5 million. The offering includes a warrant to buy another share at $0.35 (in the next six months) and 0.75 shares at $0.40 over the next five years. There are 17 million shares now, if they get enough takers there will be 44,000,000 million shares and if they survive long enough for the 5 year warrants to be worth anything there will be 64,000,000 shares. So, basically they just sold 75% of the company for $9.5 million (minus fees). A lot of retirees will be getting phone calls over the next week offering them the chance to get in on the next big thing in technology for next to nothing.

  • soldat4800 by soldat4800 Sep 30, 2015 5:53 PM Flag

    I think SCON is about to go under. They're down 44% in two weeks with a market cap of $10.66MM. At their cash burn rate of the last few quarters they should have been out of cash by now and there's no sign that anyone is stepping up to dilute the shares another 50%. The big question for AMSC is whether anyone will buy their technology out of the bankruptcy court and invest money in it. Someone might be willing to buy the technology, but I don't see anyone investing in developing it until someone proves there's a significant market for superconducting wire.

    If they do survive, they'll need their third 1 for 10 reverse split which would mean overall they've gone 1 for 1,000 shares. That might be a record.

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